Cabela’s Incorporated (NYSE:CAB), the World’s Foremost Outfitter® of
hunting, fishing and outdoor gear, announced today plans to bring the
unique Cabela’s shopping experience to customers in Tualatin, Ore., and
the greater Portland area.

Construction on the 100,000-square-foot store is expected to begin this
fall and Cabela’s plans for a fall 2014 grand opening. It will be
Cabela’s second store in Oregon, joining the 58,000-square-foot
Springfield location.

“Oregon is full of people who live the Cabela’s lifestyle and enjoy
outdoor recreation, which makes this a perfect match,” said Tommy
Millner, Cabela’s Chief Executive Officer. “We’ve enjoyed great success
at the Springfield location thanks to the support of our many loyal
customers across the region, and we hope for much of the same in
Tualatin.”

The interior of the new store will feature Cabela’s next-generation
layout, designed to surround customers in an outdoor-like experience
with trophy animal mounts and displays.

Additionally, it will include a Gun Library, Bargain Cave, Fudge Shop,
indoor archery range, mountain replica featuring museum-quality wildlife
displays and thousands of high-quality outdoor products, as well as an
In-Store Pickup program allowing customers to order gear ahead of time
and pick it up at a time of their choosing, free of charge.

"We are proud that the World's Foremost Outfitter, Cabela's, has chosen
Tualatin to be its home in the greater Portland region,” said Tualatin
Mayor Lou Ogden. “Cabela's creates an exciting attraction in our city
both in terms of a premier outdoor sporting retail destination and as a
perfect integration with our Tualatin River natural area. We look
forward to the many coming opportunities to partner with Cabela's and
enrich outdoor living experiences for our citizens and visitors."

The store will be located in a redeveloped area across Interstate 5 from
the Nyberg Woods shopping center. The new area, being developed by
CenterCal Properties, is planned to include approximately
300,000-square-feet of retail space.

“CenterCal Properties has long been committed to bringing the best
retail shopping experiences in the country to the City of Tualatin with
our projects at Bridgeport Village and Nyberg Woods,” said Fred Bruning,
CenterCal Properties Chief Executive Officer. “Now, with our Nyberg
Rivers project, we are helping to bring Cabela’s, one of the country’s
finest retailers, to our community.”

Also today, Cabela’s announced plans to open a 50,000-square-foot store
in Edmonton, Alberta, Canada, in spring 2014. It will be Cabela’s second
Edmonton store, joining a 70,000-square-foot location opened in 2011.
The company also operates stores in Winnipeg, Manitoba, and Saskatoon,
Saskatchewan, and plans to open a Regina, Saskatchewan, store this fall.

Currently, Cabela’s operates 44 stores across the United States and
Canada. The company has announced plans to open an additional 13 stores
by the end of 2014.

About Cabela’s Incorporated

Cabela’s Incorporated, headquartered in Sidney, Nebraska, is a leading
specialty retailer, and the world’s largest direct marketer, of hunting,
fishing, camping and related outdoor merchandise. Since the Company’s
founding in 1961, Cabela’s® has grown to become one of the most
well-known outdoor recreation brands in the world, and has long been
recognized as the World’s Foremost Outfitter®. Through Cabela’s growing
number of retail stores and its well-established direct business, it
offers a wide and distinctive selection of high-quality outdoor products
at competitive prices while providing superior customer service.
Cabela’s also issues the Cabela’s CLUB® Visa credit card, which serves
as its primary customer loyalty rewards program. Cabela’s stock is
traded on the New York Stock Exchange under the symbol “CAB”.

Caution Concerning Forward-Looking Statements

Statements in this press release that are not historical or current fact
are "forward-looking statements" that are based on the Company's
beliefs, assumptions, and expectations of future events, taking into
account the information currently available to the Company. Such
forward-looking statements include, but are not limited to, the
Company's statements regarding opening a retail store in Tualatin, Ore.,
in fall 2014 and opening an additional 13 retail stores by the end of
2014. Forward-looking statements involve risks and uncertainties that
may cause the Company's actual results, performance, or financial
condition to differ materially from the expectations of future results,
performance, or financial condition that the Company expresses or
implies in any forward-looking statements. These risks and uncertainties
include, but are not limited to: the state of the economy and the level
of discretionary consumer spending, including changes in consumer
preferences and demographic trends; adverse changes in the capital and
credit markets or the availability of capital and credit; the Company's
ability to successfully execute its omni-channel strategy; increasing
competition in the outdoor sporting goods industry and for credit card
products and reward programs; the cost of the Company's products,
including increases in fuel prices; the availability of the Company's
products due to political or financial instability in countries where
the goods the Company sells are manufactured; supply and delivery
shortages or interruptions, and other interruptions or disruptions to
the Company's systems, processes, or controls, caused by system changes
or other factors; increased or adverse government regulations, including
regulations relating to firearms and ammunition; the Company's ability
to protect its brand, intellectual property, and reputation; the outcome
of litigation, administrative, and/or regulatory matters (including a
Commissioner's charge the Company received from the Chair of the U. S.
Equal Employment Opportunity Commission in January 2011); the Company's
ability to manage credit, liquidity, interest rate, operational, legal,
and compliance risks; the Company's ability to increase credit card
receivables while managing credit quality; the Company's ability to
securitize its credit card receivables at acceptable rates or access the
deposits market at acceptable rates; the impact of legislation,
regulation, and supervisory regulatory actions in the financial services
industry, including the Dodd-Frank Wall Street Reform and Consumer
Protection Act; and other risks, relevant factors, and uncertainties
identified in the Company's filings with the SEC (including the
information set forth in the "Risk Factors" section of the Company's
Form 10-K for the fiscal year ended December 29, 2012), which filings
are available at the Company's website at www.cabelas.com
and the SEC's website at www.sec.gov.
Given the risks and uncertainties surrounding forward-looking
statements, you should not place undue reliance on these statements. The
Company's forward-looking statements speak only as of the date they are
made. Other than as required by law, the Company undertakes no
obligation to update or revise forward-looking statements, whether as a
result of new information, future events, or otherwise.